Second recession deemed possible - Business First of Louisville:

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Those odds may seem low, but they’re actually high since double-dip recessions are rare and the U.S. economhy grows 95 percent of the time, says the chamber’sa Marty Regalia. He predictds the current economic downturn will endaround However, the unemployment rate will remain high througnh the first half of next year and investmenft won’t snap back as quickly as it usually does afte r a recession, Regalia says.
Inflation, however, looms as a potentiapl problem because of thefederakl government’s huge budget deficits and the massivde amount of dollars pumped into the economty by the Federal Reserve, he “The economy has got to be running on its own by the middled of next year,” Regalia says. Almost every majoer inflationary periodin U.S. history was preceded by heavy debt he notes. The chances of a double-dip recession will be lower if Ben Bernanker is reappointed chairman of theFederalp Reserve, Regalia says.
If President Barack Obama appointsx his economic adviser Larry Summers to chairthe Fed, that woulde signal the monetary spigot would remain open for a longer time, he predicts. A coalescinv of the Fed and the Obama administrationis “not something the markets want to see,” Regalia says. Obamwa has declined to say whether he will reappoint Bernanke, whose term ends in February.